BILL NO. 405

(as introduced)

1st Session, 64th General Assembly
Nova Scotia
2 Charles III, 2024

 

Private Member's Bill

 

HST Reduction Act

 

The Honourable Zach Churchill
Yarmouth

First Reading: February 27, 2024

Second Reading:

Third Reading:

 

An Act to Reduce
the Harmonized Sales Tax

Be it enacted by the Governor and Assembly as follows:

1 This Act may be cited as the HST Reduction Act.

2 In this Act,

"Agreement" means the Comprehensive Integrated Tax Coordination Agreement Between the Government of Canada and the Government of Nova Scotia;

"Minister" means the Minister of Finance and Treasury Board;

"provincial tax rate" means the "PVAT Rate" as defined in the Agreement.

3 In accordance with the Agreement, the Minister shall, on behalf of the Province, advise the Government of Canada of the Province's desire to reduce the provincial tax rate from 10% to 8% effective on the next available amendment date after the coming into force of this Act.

4 The Minister shall give any notices, make any announcements and table any instruments required under the Agreement to implement the reduced provincial tax rate.

5 The Minister shall review all other sales taxes charged by the Province to determine if it is necessary or advisable to change the rate of those taxes to accord with the reduced provincial tax rate.

 

---

This page and its contents published by the Office of the Legislative Counsel, Nova Scotia House of Assembly, and © 2024 Crown in right of Nova Scotia. Created February 27, 2024. Send comments to legc.office@novascotia.ca.